Lakeland Industries, Inc. (NASDAQ:LAKE - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.57 and traded as high as $16.50. Lakeland Industries shares last traded at $16.40, with a volume of 56,600 shares changing hands.
Wall Street Analyst Weigh In
A number of research firms have recently commented on LAKE. DA Davidson cut their price objective on Lakeland Industries from $23.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Zacks Research upgraded Lakeland Industries from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 17th. Weiss Ratings restated a "sell (d)" rating on shares of Lakeland Industries in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Lakeland Industries from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $25.00.
Check Out Our Latest Stock Analysis on Lakeland Industries
Lakeland Industries Trading Up 2.6%
The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.41 and a current ratio of 3.66. The stock has a market cap of $156.95 million, a price-to-earnings ratio of -5.99 and a beta of 1.10. The company has a 50 day moving average of $15.29 and a 200-day moving average of $15.57.
Lakeland Industries (NASDAQ:LAKE - Get Free Report) last released its quarterly earnings data on Wednesday, September 21st. The medical instruments supplier reported $0.36 EPS for the quarter. The business had revenue of $27.47 million for the quarter. Lakeland Industries had a negative return on equity of 3.07% and a negative net margin of 11.22%. On average, research analysts anticipate that Lakeland Industries, Inc. will post 0.48 earnings per share for the current year.
Lakeland Industries Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 15th were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.12 annualized dividend and a yield of 0.7%. Lakeland Industries's dividend payout ratio is -4.38%.
Hedge Funds Weigh In On Lakeland Industries
Several institutional investors have recently added to or reduced their stakes in the business. Royce & Associates LP grew its position in Lakeland Industries by 9.4% during the first quarter. Royce & Associates LP now owns 931,920 shares of the medical instruments supplier's stock valued at $18,927,000 after acquiring an additional 79,940 shares during the period. Pacific Ridge Capital Partners LLC boosted its holdings in Lakeland Industries by 3.8% in the first quarter. Pacific Ridge Capital Partners LLC now owns 297,962 shares of the medical instruments supplier's stock valued at $6,052,000 after purchasing an additional 10,992 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in Lakeland Industries by 27.3% in the second quarter. First Eagle Investment Management LLC now owns 278,756 shares of the medical instruments supplier's stock valued at $3,794,000 after purchasing an additional 59,803 shares during the last quarter. Ancora Advisors LLC boosted its holdings in Lakeland Industries by 85.1% in the first quarter. Ancora Advisors LLC now owns 276,688 shares of the medical instruments supplier's stock valued at $5,620,000 after purchasing an additional 127,195 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Lakeland Industries by 115.9% in the second quarter. Geode Capital Management LLC now owns 217,786 shares of the medical instruments supplier's stock valued at $2,964,000 after purchasing an additional 116,901 shares during the last quarter. 71.69% of the stock is currently owned by institutional investors and hedge funds.
About Lakeland Industries
(
Get Free Report)
Lakeland Industries, Inc manufactures and sells industrial protective clothing and accessories for the industrial and public protective clothing market worldwide. It offers firefighting and heat protective apparel to protect against fire; high-end chemical protective suits to provide protection from highly concentrated, toxic and/or lethal chemicals, and biological toxins; and limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Lakeland Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lakeland Industries wasn't on the list.
While Lakeland Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
